Drudge Retort: The Other Side of the News
Wednesday, March 13, 2013

Save the Rich, Spare the Old, Forget the Poor

Advertisement

Menu

Advertisement

Subscriptions

Author Info

Corky

 

Advertisement

MORE STORIES

 

Advertisement

More

Ryan has been releasing an annual plan to sledgehammer U.S. spending for years now, but this time, the mighty hammer falls with a bit of a tailwind. Our deficits are already going down, by a lot. First was the Budget Control Act of 2011, which scheduled $900 billion of cuts over the next ten years. Second was the Fiscal Cliff Deal, which raised taxes on family income over $450,000. Third was the sequester, which cuts another $1.2 trillion -- half from defense, half from non-defense -- over the next decade.

Ryan pockets all of those savings. And he goes further. Much further. He repeals Obamacare. He cuts federal support for Medicaid. He cuts another $1 trillion from "mandatory spending", which is a deceptively anodyne catch-all for mostly (a) cash assistance to the unemployed, low-income, and veterans, and (b) retirement programs for vets and federal employees.

But this budget is as notable for what it cuts as for what it doesn't cut. Social Security, defense, and Medicare -- together making up about half of the federal budget -- would scarcely be cut at all. After all, it's hard to win a Republican election if you abandon old voters and the defense industry. As for health care and cash support for the poor? That's where the hammer hits.

Comments

Admin's note: Participants in this discussion must follow the site's moderation policy. Personal attacks, profanity, abusive conduct and expressions of prejudice are not allowed. If you have comments about site moderation, contact the site publisher in email.

One might hope that, if the poor lose in spending cuts, the rich might lose in tax hikes? Oh my, if you have ever read a Ryan budget before, you are laughing uproariously at the suggestion.

The tax plan would cut the top rate to 25 percent -- a 15-point reduction for income above $450,00 -- but somehow it would also collect the same amount of revenue as the president's current policy. Quick math: If you cut tax rates for the top 0.1 percent in half, the only way to make the same amount of money is (a) to practically wipe out all of their tax advantages or (b) to raise taxes disproportionately on the bottom 99.9 percent. To be clear: As written, this is almost certainly a plan to raise taxes on the same lower-middle class which is also getting hit with massive spending cuts.

Ryan is most well-known as an entitlement reformer. And his Medicare reforms are serious. But in the next ten years, entitlements would scarcely change at all, really. Obamacare would never get off the ground. Medicare would hardly be cut. Social Security would see exactly $0.00 in cuts. In the next decade, Ryan's plan is essentially a vision of America where deficits fall because government assistance to the poor and sick rapidly shrinks. It solves our income inequality problem like a flamethrower helps a house fire.

#1 | Posted by Corky at 2013-03-13 12:35 AM | Reply | Flag:

how can you live to, rethugs? under Ryan, i mean.

#2 | Posted by ichiro at 2013-03-13 05:49 AM | Reply | Flag:

"Ryan is most well-known as an entitlement reformer."

The use of the word reform needs to stop. He doesn't "reform" anything, he is on a quest to redistribute income from the 99% to the 1%, that isn't reform.

#3 | Posted by danni at 2013-03-13 06:59 AM | Reply | Flag:

"Reform" is the latest GOP buzzword for screw the poor. They aren't reforming anything, just shifting the burden onto the poor.

But hey, it sounds good to their lackeys, so why not? I am sure Gammy standing at a rally with a "Keep your government hands off my medicare" would agree that "reform" is the best way to go.

#4 | Posted by 726 at 2013-03-13 07:42 AM | Reply | Flag:

"Save the Rich, Spare the Old, Forget the Poor"

Alternate version:

Bend Over, Grab Your Socks, Smile, and Squeal Like a Pig

#5 | Posted by Doc_Sarvis at 2013-03-13 09:02 AM | Reply | Flag:

"Save the Rich, Spare the Old, Forget the Poor"

Tax the rich...
feed the poor...
Till there are...
no rich no more

#6 | Posted by nullifidian at 2013-03-13 09:07 AM | Reply | Flag:

"cash support for the poor? That's where the hammer hits."

but that's only 4% of the population anyway.

:-)

#7 | Posted by eberly at 2013-03-13 09:18 AM | Reply | Flag:

#6 | Posted by nullifidian

Honest question here:

Then what?

#8 | Posted by HanoverFist at 2013-03-13 09:52 AM | Reply | Flag:

"Honest question here:

Then what?"

I'd love to change the world...
But I don't know what to do...
So I'll leave it up to you.

#9 | Posted by nullifidian at 2013-03-13 09:57 AM | Reply | Flag:

O.K. O.K.
5 points to Nul.!

;-P

#10 | Posted by HanoverFist at 2013-03-13 10:01 AM | Reply | Flag:

"..eternally beloved, were endlessly enraptured by the impatient and imperious caresses of the angels of perversity."

#11 | Posted by redlightrobot at 2013-03-14 11:47 AM | Reply | Flag:

Advertisement

Post a comment

Comments are closed for this entry.

Drudge Retort

Home | Breaking News | Comments | User Blogs | Nooner | Stats | Back Page | RSS Feed | RSS Spec | DMCA Compliance | Privacy | Copyright 2013 World Readable

 

Advertisement